From Theage.com.au: Panic on Wall Street and world sharemarkets has quickly spilled into property, spooking buyers and sellers, pushing Melbourne's weekend auction clearance rate down 4%.
In some suburbs less than half the houses and units listed for auction found a buyer. Real estate agents reported that conversations at public auctions and open-for-inspections were dominated by the collapse of the Australian sharemarket on Friday and fears of worse to come this week..... Full Article: Source